NEWS

HMRC has issued Directions, made under the power in reg 2(2) of the Corporate Interest Restriction (Electronic Communications) Regulations, SI 2022/770, setting out the approved electronic filing methods which must be used from 1 September 2022 to...

The collective defined contribution (or money purchase) pension schemes legislation came into force on 1 August 2022. The Finance Act 2021, Schedule 5 (Pension Schemes: Collective Money Purchase Benefits) (Appointed Day) Regulations, SI 2022/874,...

HMRC has published a summary of responses to its consultation on the independent customs regime. The consultation sought views from traders and the wider border industry on how the customs system is working and, in particular, their...

The Economic Crime (Transparency and Enforcement) Act 2022 (Commencement No 3) Regulations, SI 2022/876, bring most of the provisions of Part 1 of the 2022 Act, which establishes the register of overseas entities, into force on 1 August 2022.Part 1...

Lesotho has deposited its instrument of ratification for the multilateral instrument with the OECD. The MLI will enter into force on 1 November 2022 for Lesotho.On 1 August 2022, over 890 treaties concluded among the 77 jurisdictions which have...

In Agent Update Issue 95, HMRC advised that a CGT UK property return should be filed before the relevant self-assessment tax return. Following reports of taxpayers and agents filing tax returns without having submitted the property account (given...

The UK and Scottish governments have launched a call for evidence to inform the independent report they had previously commissioned on 30 June 2022 to consider the block grant adjustment arrangements for tax and welfare devolution. The consultation...

The following new factsheets have been published:CC/FS67 Penalties for facilitating avoidance schemes involving non-resident promoters.CC/FS70 The Human Rights Act and penalties for facilitating avoidance schemes involving...

Tax Journal thanks our July authors. Click on links to view author profiles and articles:

The government has published a response to its 2018 consultation on employment status that was carried out jointly by BEIS, HMT and HMRC in response to the Taylor review. The government states that employment status is at the core of both...